Tag: Economics

China’s real-estate bubble is the largest in human history, and despite years of warning signs, it has grown and grown, spilling over into the rest of the world.
It’s hard to overstate just how crazy China’s real-estate market is: 25% of the country’s GDP comes from construction, and 80% of the nation’s wealth […]

Tim Wu (previously) is best known for coining the term “Net Neutrality” but the way he got there was through antitrust and competition scholarship: in his latest book, The Curse of Bigness: Antitrust in the New Gilded Age, Wu takes a sprightly-yet-maddening tour through the history of competition policy in the USA, which has […]

Inflation in the crisis-stricken country of Venezuela is on track to hit 1.4 million percent by the end of 2018, according to the latest report from the International Monetary Fund. The report, entitled “Outlook on the World Economy,” predicts that inflation will reach 1.4 million by December 31, 400,000 percent higher than what they forecast in June […]

Aella was a top-earning, top-ranked camgirl who performed sex shows over the internet for money, using the popular Myfreecams platform; she quit a year ago, and has written an incredibly detailed, soup-to-nuts primer on getting started camgirling, though she warns that some of her advice is out of date.
There’s remarkably little here […]

Just some stock image millennials trying to make ends meet. Photo via Getty For years, the personal habits of millennials have been pored over as if the generation now between 21 and 35 years old had descended from outer space. Millennials have been accused of “killing” everything from malls to […]

President Donald Trump’s deputies have announced they will soon cancel the work permits which were awarded to 100,000 foreign visitors under a controversial outsourcing program created by President Barack Obama. The planned November announcement of the cancellation will be a boost to millions of U.S. professionals — young and old — who lose opportunities, jobs, and salaries […]

From the Open Markets Institute’s Mat Stoller and Austin Frederick, who analyzed the FTC’s panel, “The Current Economic Understanding of Multi-Sided Platforms,” in which economic experts told the regulator that Big Tech’s monopoly power just isn’t a problem: “every single economist testifying on the issue of corporate concentration derived income, directly or indirectly, from […]

Stocks fell sharply on Thursday, the second day in a row in which major indexes fell by more than two percent. The Dow Jones Industrial Average dropped 546 points, a 2.13 percent decline. Over the past two days, it has lost more than 1,300 points. The S&P 500 dropped 2.2 percent. The tech-heavy Nasdaq Composite […]

Rapper Kanye West proclaimed the value of American ideas and denounced outsourcing a great volume of manufacturing to China as he spoke to reporters and President Donald Trump in the Oval Office on Thursday. “What I need Saturday Night Live to improve on, or any of the liberals to improve on, is if he don’t […]

Corporate and university managers are legally hiring a huge number of Chinese researchers amid widespread recognition that China’s government is conducting an aggressive spy campaign. “American universities are major enablers of China’s economic and military rise,” said a Pentagon report published in September slammed elite universities for their cooperation with Chinese researchers. The report, titled “Assessing […]

The U.S. economy added just 134,000 jobs in September and the jobless rate fell to 3.7 percent, once again hitting a low level not seen since 1969. Despite fears that trade disputes and rising tariffs could weigh on the economy, hiring continues to grow. On Thursday, the government reported that new unemployment claims fell more than […]

Umair Haque (previously) is on fire: If the Point of Capitalism is to Escape Capitalism, Then What’s the Point of Capitalism? “You can see it in stark, comic terms. What are Bezos and Musk doing? Trying to flee to Mars. What’s Gates doing? Recommending you books to read, and trying to save the world […]

While the new trade pact with Mexico and Canada is very important on its own, the role it could play in the U.S. trade dispute with China may be even more important. Ever since trade talks with China fell apart, Beijing has engaged in a campaign to portray the U.S. as a rogue economic power acting […]

The U.S., Mexico, and Canada came to a late-hours agreement Sunday to create a trilateral trade deal to replace NAFTA that is being deemed the USMCA, U.S.-Mexico-Canada Agreement. Senior Trump administration officials briefed reporters late Sunday night on the new deal, just one hour before the deadline set to send a U.S.-Mexico deal to Congress. […]

The Democratic Party’s advantage among American women fell by more than 42 percent over the past year, according to a Gallup poll released Monday. Women are still more likely to view the Democrats favorably than they are Republicans but the difference has contracted. A year ago, 35 percent of women said they viewed Republicans favorably. […]

About half of U.S. business owners say President Trump’s tariffs on Chinese goods, as well as imported steel and aluminum, are good for business, calling them “positive” for the economy. A new Yahoo Finance survey of nearly 1,100 business owners revealed that almost half of the business community say Trump’s tariffs are good for the American economy […]

The Department of Homeland Security has released its draft regulation to bar the legal immigration of people who are likely to rely on taxpayer-funded aid programs, including medical care, pensions, and anti-poverty aid. The regulation is based on long-standing law, and could begin operating early next year. Overall, the regulation is expected to sharply cut the taxpayers’ […]

The White House has reportedly drafted an executive order that would open an antitrust investigation into the Silicon Valley Masters of the Universe. According to a report from Bloomberg, the White House has drafted an executive order that would begin an antitrust investigation into the business practices of Silicon Valley tech companies such as Google, […]

Vice President Mike Pence had a message for former President Barack Obama at the Values Voter Summit Saturday: the American economy is booming because the Trump administration is rolling back Obama administration policies. “It’s been two years of promises made and promises kept, and we’re just getting started,” Pence told the conference audience in Washington, […]

America’s largest public pension fund has tapped a manager of China’s predatory investment fund as its next chief investment officer. The California Public Employees’ Retirement System, which manages $360 billion and is frequently described as the most influential pension fund investor in the U.S., has asked Ben Meng to take over the top investment job […]

President Donald Trump is angry at the deputy who has done the most to implement his campaign promise to end illegal immigration — Attorney General Jeff Sessions. Trump is angry largely because he feels Sessions allowed the Democrats to launch the Mueller investigation. Trump told TheHill.com: I don’t have an attorney general. It’s very sad. […]